PakStox Outlook

Attock Petroleum-APL , in Q1 Sep2024, earned a net income of Rs. 2385 million, (Rs. 19.2 per share). This brings the total net income for the last four quarters to Rs. 88 per share, with a total cash payout of Rs. 27.5 per share. The profit after tax in the current quarter is 31% lower compared to the average PAT of the previous four quarters. Gross margin in this quarter was drastically down to 3.5%. And Sales decline was 17%. Compared to same quarter last year; Revenue declined by 17%. Gross profit declined by 61%. Profit before tax declined by 56%. Profit after tax declined by 55%. APL is trading at a price-to-earnings ratio of 5.1, with a dividend yield of 6.1%. The largest shareholders of APL are Pharaon Investment Group Limited (Holding) s.a.l (34.38%), Attock Refinery Ltd (21.88%), Pakistan Oilfields Ltd (7.02%), and The Attock Oil Company Limited (2.20%). APL holds a small stake of 1% in NRL and 1.68% in ATRL. Substantial short term investment in current assets gets a decent fi...

Attock Petroleum Limited (PSX:APL) has reported its annual financial results for the year ending June 30, 2024. The company reported a net income of Rs. 111.1 per share and declared a total cash dividend of Rs. 27.5 per share. On an annual basis, revenue increased by 11%, while gross profit decreased by 15%. Profit before tax rose by 12%, primarily due to a significant increase in finance income, which was 2.85 times higher than the previous year. The profit after tax increased by 11%. The tax rate remained steady at 39%, consistent with the previous year.